[1] [3] [4] [5] We would like to thank our diverse group of investors for their confidence in our team and their continued support. Clearlake creates series of single-asset funds amid growing push to Get the full list, Youre viewing 5 of 57 limited partners. [3] This allowed the firm to take advantage of the 20072008 financial crisis to acquire distressed securities and then sell them for a profit after recovery. Clearlake Capital Closes Clearlake Opportunities Partners III with More In many towns and cities around the world, electric scooters have proliferated. These cookies do not store any personal information. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Donald Trump Seeks Mistrial In E. 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COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners. endstream endobj 700 0 obj <>stream [17] In 2016 Clearlake, took a controlling stake in Vision Solutions. These cookies will be stored in your browser only with your consent. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. Clearlake Capital closes seventh flagship private equity fund with more Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. This will include building critical platform infrastructure on the back-end of the Wealth workflow, with a plan to utilize proprietary expertise and know-how to augment the core BETA+ platform technology, enhance functionality for the existing blue-chip client set, enter new and high-growth markets, and cultivate partnerships within the combined Wealth ecosystems of the Sponsors. We believe that our flexible investment strategy incorporating buyouts, corporate carveouts, and special situations is positioned to take advantage of the evolving and potentially unstable market conditions that we are likely to encounter in the investment period of Fund VII. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. Significant experience across Clearlakes In May 2022, Clearlake Capital joined billionaire investor Todd Boehly to buy English soccer team Chelsea FC; the firm is known for buying software, industrial and consumer products companies. More information on Motive Partners can be found at www.motivepartners.com. Jose Mourinho has been a perfect fit for Roma, instilling them with a confidence and a mentality that had been lacking. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from Clearlake Capital Closes Clearlake Opportunities Partners III with More Clearlake's investment professionals include two Managing Partners, three additional Partners, six Managing Directors, two Vice Presidents, nine Associates, and two analysts. As of December 31, 2021, Fund VII's two predecessor funds generated the following results - Clearlake Capital Partners V generated a gross IRR of 65.1% (57.7% net), with a gross multiple of 3.9x . For more information, visit our Privacy Policy. Necessary cookies are absolutely essential for the website to function properly. The Sponsors were advised by Wells Fargo as exclusive financial advisor, Sidley Austin LLP as legal counsel, Deloitte as accounting, tax, carveout and human resources counsel, BCG as commercial advisor, and Motive Create for technical due diligence. READ MORE ABOUT OUR HISTORY INDUSTRY FOCUS Significant experience across Clearlake's core sectors - Software & Technology, Energy & Industrials, Food & Consumer Services Explore our sectors NEWS First Quarter 2023 Investment Activity View all news Clearlake Capital Closes Seventh Flagship Private Equity Fund with More Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Re: Clearlake Capital Partners VII , L.P. Dear Trustees: Clearlake Capital Group , L .P. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlakes operational improvement approach,O.P.S.The firms core target sectors are technology, industrials, and consumer.